Scotiabank raises Simon Property Group price target to $222 after strong Q2 results and higher full-year guidance.

Scotiabank raised its price target for Simon Property Group to $222 from $220 while maintaining a neutral Sector Perform rating. The real estate trust reported a 19.5% revenue increase to $1.79 billion in Q2 2026, with stable 96% occupancy at its U.S. malls and Premium Outlets. Real Estate FFO per share grew 7.9% to $3.29, prompting the company to raise its full-year FFO guidance. Simon Property Group also declared a 4.7% higher quarterly dividend, reflecting confidence in its financial health and growth prospects.